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Outcome of Board Meeting

| Updated on February 19, 2015 Published on February 19, 2015

CMI Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 19, 2015, the Board, in pursuance of resolution for preferential issue passed by the members through postal ballot on January 20, 2015, inter alia, has approved the following matters:

1. Allotment of 1,60,000 (One Lac Sixty Thousand) Equity Shares of having face value Rs. 10/- (Rupees Ten only) each at a premium of Rs. 54/- Per Equity Share to non promoters, and

2. Allotment of 7,00,000 warrants @ Rs. 64/- per warrant (including premium of Rs. 54 per warrant), convertible into equal number of equity shares within a period of 18 months from the date of allotment, in respect of which minimum amount of 25% of the total consideration has been received, to the promoter group.

Source : BSE - www.bseindia.com

Published on February 19, 2015
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